Reduced revenues and higher spending caused Russia’s government budget sector deficit to deepen
Reduced revenues and higher spending caused Russia’s government budget sector deficit to deepen Revenues to the consolidated budget (federal, regional and municipal budgets, plus state social fund bu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia-US economic relations unlikely to improve under the new US administration
Russia Russia-US economic relations unlikely to improve under the new US administration The long-prevailing modest state of economic relations between Russia and the United States has been further c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Even confirmed coronavirus infections soar in Russia, officials remain cautious about imposing new restrictive measures
Russia Even confirmed coronavirus infections soar in Russia, officials remain cautious about imposing new restrictive measures The number of new confirmed covid-19 infections in Russia has risen cle...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia to rein in government budget spending in coming years to deal with deficit
Russia Russia to rein in government budget spending in coming years to deal with deficit The finance ministry just released its government sector finances framework for 2021−2023. The plan covers th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Central Bank of Russia keeps its key rate unchanged; previews monetary policy guidelines for 2021–2023
Russia Central Bank of Russia keeps its key rate unchanged; previews monetary policy guidelines for 2021–2023 At its scheduled meeting on September 18, the CBR decided to leave the key rate unchange...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Covid-19 crisis has increased broad unemployment and part-time employment in Russia
Russia Covid-19 crisis has increased broad unemployment and part-time employment in Russia Using the methodology of the International Labour Organization (ILO), Rosstat’s latest survey of the labour...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August
Russia Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August At the end of August, the National Welfare Fund (NWF), which has been built up from taxing the ene...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
State support scheme boosts demand for new housing loans in Russia
Russia State support scheme boosts demand for new housing loans in Russia Issuance of new housing loans cratered in April and May due to the coronavirus lockdown. The volume of new housing loans iss...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia imposes new procurement restrictions on the public sector and state enterprises
Russia imposes new procurement restrictions on the public sector and state enterprises Most public sector food procurement (including fish, meat, milk and rice) must now favour domestic producers (Eu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
BOFIT Russia forecast sees slow recoveries for the economy and imports
BOFIT Russia forecast sees slow recoveries for the economy and imports The GDP contraction in the first half was mild (less than 1 % y-o-y), given that the oil price was 30 % lower than in 1H15 and o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Consumption continued to fall in Russia in August; production picked up slightly
Consumption continued to fall in Russia in August; production picked up slightly The volume of retail sales (seasonally and workday-adjusted) has fallen for 20 consecutive months. Retail sales were d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Fixed investment in Russia increasingly goes to oil & gas production
Fixed investment in Russia increasingly goes to oil & gas production The total volume of fixed investment fell over 4 % y-o-y in the first half of this year (down over 8 % in 2015). Rosstat estim...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s foreign currency reserves grew in the first half of the year
Russia’s foreign currency reserves grew in the first half of the year The value of Russian foreign currency reserves as of end-June stood at $393 billion, an increase of nearly $25 billion from end-D...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
IMF emphasises fiscal policy and banking sector reform in latest Article IV consultation with Russia
IMF emphasises fiscal policy and banking sector reform in latest Article IV consultation with Russia In its latest country report for Russia based on the annual Article IV consultation, the IMF empha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s federal budget revenues declined especially in May and June, but spending climbed up
Russia Russia’s federal budget revenues declined especially in May and June, but spending climbed up For the May-June period, federal budget revenues from oil & gas production taxes and export d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Increase in debt restructuring and postponed repayment of corporate loans in Russia
Russia Increase in debt restructuring and postponed repayment of corporate loans in Russia The stock of bank lending to non-financial corporations increased rapidly in late March and early April. In...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia's constitutional reforms gained majority support in referendum as expected
Russia Russia's constitutional reforms gained majority support in referendum as expected Russia postponed its referendum on constitutional changes from late April to last Wednesday (July 1) due ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Slight downward revisions in forecasts for Russia’s economy in 2020
Russia Slight downward revisions in forecasts for Russia’s economy in 2020 Outlooks for the Russian economy of major international economic and financial organisations have been revised further down...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
While FDI inflows to Russia grew last year, they will likely contract sharply this year
Russia While FDI inflows to Russia grew last year, they will likely contract sharply this year The net inflow of foreign direct investment into Russia last year was $32 billion, a huge jump from the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Prime minister Mishustin lays out Russia’s road to economic recovery
Russia Prime minister Mishustin lays out Russia’s road to economic recovery Mikhail Mishustin’s economic recovery plan hopes to reach a sustainable long-term growth path by the end of 2021. Over the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020